The partnership is to offer tailor-made finance solutions to suit the needs of TORK Motors’ customers, making the KRATOS-R more accessible to new buyers with affordable EMIs of as low as INR 4,999. As a part of the agreement, HDFC Bank representatives will soon be available at TORK Motors experience centres to assist customers. Kapil Shelke, Founder… Continue reading TORK Motors partners with HDFC Bank to offer easy finance options – ET Auto
Author: Tony Mash
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LIC Housing Finance stock rallies 5% after Q1 net profit jumps 43%
Shares of LIC Housing Finance jumped nearly 5 percent in early trade on August 4 after the company reported strong earnings for the June quarter. At 9:41am, the stock was trading 3.32 percent up at Rs 411.20 on the NSE. LIC Housing Finance reported a 43 percent surge in the standalone net profit to Rs 1,324 crore… Continue reading LIC Housing Finance stock rallies 5% after Q1 net profit jumps 43%
Nasdaq 100 futures rise as investors weigh Big Tech earnings, await key jobs data: Live updates
Nasdaq 100 futures ticked higher Friday morning as Wall Street parsed the latest earnings from big-name technology companies in the runup to a major employment report due Friday morning. Futures linked to the tech-heavy index rose about 0.72%, while S&P 500 futures climbed 0.48%. Futures tied to the Dow Jones Industrial Average climbed 92 points, or 0.26%. A deluge of… Continue reading Nasdaq 100 futures rise as investors weigh Big Tech earnings, await key jobs data: Live updates
India now top-ranked equity market, says Morgan Stanley
Morgan Stanley has upgraded its stance on India to ‘overweight’ on the back of multipolar world trends that support FDI and portfolio flows, boosted by India’s reform and macro-stability agenda that underpins a strong capex and profit outlook. The report by the foreign bank said India is now the most-favoured equity market, with relative valuations… Continue reading India now top-ranked equity market, says Morgan Stanley
Stocks to buy or sell today: Top 4 short-term trading ideas by experts for 2 August 2023
Indian market is expected to consolidate on Wednesday tracking muted global cues. The S&P BSE Sensex fell nearly 70 points while the Nifty50 managed to hold on to 19700 levels on Tuesday. India VIX was down by 1.22% from 10.41 to 10.25 levels in the previous trading session. Volatility sank during the day and has… Continue reading Stocks to buy or sell today: Top 4 short-term trading ideas by experts for 2 August 2023
Fusion Micro Finance Q1 Results: PAT shoots up 60% YoY to Rs 121 crore
Fusion Micro Finance reported a 60% year-on-year rise in net profit at Rs 121 crore for the June quarter, buoyed by business expansion and asset quality improvement. Net interest income increased by about 60% at Rs 294 crore against Rs 185 crore in the year-ago period. Total income rose 53.4% at Rs 553 crore. Pre-provision operating… Continue reading Fusion Micro Finance Q1 Results: PAT shoots up 60% YoY to Rs 121 crore
Sarveshwar Foods shares hit upper circuit as board approves stock split, bonus issue
Shares of Sarveshwar Foods hit upper circuit on Wednesday after the company board approved stock split and issue of bonus shares to the investors. The company announced the same during the day through separate exchange filings with the exchanges. The company board of Sarveshwar foods has approved the sub-division of its equity shares in 1:10 ratio. It… Continue reading Sarveshwar Foods shares hit upper circuit as board approves stock split, bonus issue
Barclays gets Warburg Pincus, Centerbridge bids for German consumer finance unit – sources
Barclays (BARC.L) has received non-binding offers from private equity firms including Warburg Pincus and Centerbridge to buy its German consumer finance subsidiary, three people familiar with the matter told Reuters. Bidders are waiting to be informed on whether they are through to the second phase of bidding for the unit, formally called Barclaycard Germany, which has a… Continue reading Barclays gets Warburg Pincus, Centerbridge bids for German consumer finance unit – sources
Asian stocks draw foreign money on hopes of US rate hikes nearing end
Overseas investors bought Asian equities for the fourth consecutive month in July, spurred by signs that the Federal Reserve’s tightening cycle might be ending, a shift from last year’s policy that caused big outflows from riskier assets. Top central banks raised interest rates again last month despite cooling inflation, but their unified shift to caution… Continue reading Asian stocks draw foreign money on hopes of US rate hikes nearing end
SBFC Finance Collects Rs 304 Crore From Anchor Investors
Abu Dhabi Investment Authority, Carmignac Portfolio, Loomis Sayles, Neuberger Berman, Amansa Holdings, Malabar India Fund Ltd and Steadview Capital Master Fund Ltd are among the anchor investors Non-banking finance company SBFC Finance Ltd on Wednesday said it has raised a little over Rs 304 crore from anchor investors ahead of its initial share sale. The company… Continue reading SBFC Finance Collects Rs 304 Crore From Anchor Investors